Nike reported fiscal 2026 Q1 earnings per share of $0.48, topping expectations, while revenue of $11.12 billion came in slightly below consensus. The company sharply cut its full-year adjusted EPS forecast to $1.15 to $1.35 and said it will lay off more employees as part of a restructuring. The stock fell 9% in premarket trading after the results and is expected to open at its lowest level since 2013, with shares down about 45% year to date.

Micron Technology reported fourth-quarter adjusted earnings of $33.42 per share and revenue of $54.23 billion, both above market expectations. The company forecast first-quarter adjusted earnings of $38.15 per share on about $61.5 billion in revenue, also well ahead of analysts’ projections. Wall Street remained bullish, with a $1,550 price target implying nearly 46% upside from Wednesday’s close.

Anthropic’s IPO filing says the company is creating a new “Founder LLC” intended to serve the public interest and insulate its leadership from market forces. Seven cofounders would use the entity to control a single share of Class F stock carrying 50.1% of the voting power over key corporate matters. The filing also shows CEO Dario Amodei earned nearly $18 million in 2025, while President Daniela Amodei received $16.4 million.

Anthropic warned in its IPO prospectus that advanced AI could pose “catastrophic or existential risks” to humanity. Safety researcher Evan Hubinger estimated the probability that AI could kill humans within the next decade at more than 10%. The 261-page main body of the filing devotes about 80 pages to risk factors, nearly twice the space used to describe the business, compared with about 38 pages in SpaceX’s prospectus. Anthropic has also said that in a sample week in July, about 6% of its computing power went to safety research.

Anthropic’s IPO prospectus shows the company posted a $42 billion net loss in 2025 even as revenue rose 12-fold to nearly $4.6 billion and operating losses exceeded $8 billion. The filing says it plans to commit $518 billion to cloud, computing and infrastructure obligations in the coming year. The public offering could value Anthropic at more than $2 trillion and position it as a benchmark for how Wall Street prices leading AI companies, according to Reuters.

Coca-Cola posted stronger-than-expected second-quarter results, with organic sales up 6%, comparable operating margin at 35.6% and comparable EPS rising 11% to $0.97. The company also lifted its full-year guidance, including raising its free cash flow outlook to about $12.4 billion from $12.2 billion. Still, the stock is up 29% year to date, and the average price target of $94.25 implies only about 6% upside.

SoftBank Group said it will raise $11.1 billion through bond issuance, including $10 billion in dollar-denominated senior notes and 1 billion euros ($1.14 billion) in euro-denominated notes. The company plans to use the proceeds to make a $10 billion payment for the third and final tranche of its $30 billion follow-on investment in OpenAI, a deal expected to close Oct. 1. The investment would lift SoftBank’s cumulative backing of the ChatGPT maker to $64.6 billion and give it an approximately 13% stake upon completion. SoftBank shares rose more than 7% on Thursday.

Meta Platforms shares surged 11% to close at $741.25 on about 48 million shares, marking the stock’s biggest one-day gain since April 2025. The stock has risen more than 20% since Muse, Meta’s personal AI agent, launched on Sept. 8, with a free tier and $20 and $100 monthly plans. Wells Fargo raised its price target to $796 from $640, while Mizuho said the rollout is a meaningful step toward showing returns on AI spending. On the chart, the stock cleared resistance at $665 and weekly volume has been positive for the past four weeks.

Rothschild & Co said it is losing patience with the pace of the turnaround at Flutter’s FanDuel and cut its price target to $119 from $169. The firm said FanDuel has reduced guidance four straight times, most recently lowering its 2026 EBITDA midpoint forecast by 22%. It described 2026 as another “transitional year” and said the turnaround is likely to take longer than anticipated. Flutter shares are down 58% in 2026.